By next year, the remodeling home industry is projected to surpass $300 billion in growth. Kitchens and bathrooms will be a significant portion of this growth. Homeowners are investing more in home remodeling projects, partly due to the improving housing market conditions. Black Knight Financial Services reports a 70 percent increase in cash-out refinances, an unprecedented figure compared to the past five years. Another reason for current remodeling includes consumers’ fears of rising interest rates. Remodels are expected to continue, although the shortage of skilled labor remains one impediment to the booming industry. | Read More